Persistence in world energy consumption: Evidence from subsampling confidence intervals
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文摘

This paper analyzes the persistence property of per capita energy use in 107 countries using subsampling confidence intervals.

These confidence intervals provide more information compared to unit root tests.

The findings show that most of the developing and highly oil-dependent economies have a non-stationary energy use.

Energy use in most of the developed and energy-rich countries is stationary.

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